Jason Richelson Contributor Until recently, tech startups traditionally enjoyed relative freedom from financial oversight from the venture capitalists who funded them. As long as these firms could report progress in developing their products and generating some level of earnings from sales and software subscriptions, they could burn through their millions without having to endure close…
Binance, the world’s largest crypto exchange by trading volume, said on Friday it doesn’t own India-based platform WazirX despite disclosing the acquisition two and a half years ago. Changpeng Zhao, founder and chief executive of Binance, said in a series of tweets that the company has been “trying to conclude the deal for the past…
Startups processing personal data in Kenya are among the entities required to register with the Office of the Data Commissioner (ODPC), as the East African country implements a law protecting the right to privacy of persons within its borders. The registration, which has kicked off after the coming into effect of the data protection regulations,…
Tesla held its annual shareholder meeting, which the company now refers to as its Cyber Roundup, Thursday at the Tesla Gigafactory Texas. The Cyber Roundup comes just a couple of weeks after Tesla reported its Q2 earnings, which showed quarterly revenue declines caused by production challenges, even as the company grew year-over-year. The agenda had 13 shareholder…
Swathy Prithivi started Found with the goal of improving the journey of weight loss. The company quickly discovered a huge demand and rapidly scaled its operations and expanded throughout the United States. The company’s story started in an Atomic incubator. On this episode of TechCrunch Live, we hear from Found’s co-founder and COO Swathy Prithivi…
In the wake of the Robinhood earnings anti-hype cycle, you might imagine that investors are a bit over the consumer trading game. Robinhood rode the pandemic-induced consumer savings and investing boom all the way to the top, and is now on the decline as its active user count falters, its revenue shrinks, and it executes…
Pony.ai, a Chinese autonomous vehicle company valued at $8.5 billion as of late, has sued two former employees over alleged trade secret infringement. The lawsuit is arriving months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the U.S., resigned to start a competitor called Qingtian Truck.…
TechCrunch Disrupt is back, in person on October 18–20 in San Francisco, and we want to remind university and college students that one minute can change the trajectory of your startup dreams. How? The possibility begins when you apply to the TechCrunch Student Pitch Competition (powered by Blackstone LaunchPad). Here’s how it works: Record a…
Starbucks will unveil its web3 initiative, which includes coffee-themed NFTs, at next month’s Investor Day event. The company earlier this year announced its plans to enter the web3 space, noting its NFTs wouldn’t just serve as digital collectibles, but would provide their owners with access to exclusive content and other perks. At the time, Starbucks…
Facebook is shutting down its live shopping feature on October 1st to shift its focus to Reels, the company announced in a blog post. After this date, you will no longer be able to host any new or scheduled live shopping events on Facebook, the company says. The social media network notes that you will…
